VOL. XLI

No. 40

5-October-1998

FSU

Romanias Petrom Obtains Kazakstan Acreage

Romanias state-owned oil company Petrom has been awarded a25-year exploration and production license in a 35,000 sq. kms. block in Kazakstan, thecompany announced on 30 September. Petrom obtained a license from the Kazakh Government on17 September covering an area located in the Kyzyl-Orda and Karaganda region. Theagreement calls for Petrom to spend a minimum of $32mn on exploration and drilling duringthe initial...